The engineering plastics market is projected to reach USD 108.68 Billion by 2026, at a CAGR of 7.4% from 2016 to 2026.

The base year considered for the study is 2015, the short-term forecast period is from 2016 to 2021, and the long-term forecast period is from 2016 to 2026.

The objectives of the report are as follows:

To define, describe, and forecast the global engineering plastics market on the basis of type, application, and region

To analyze and forecast the global market size, in terms of value and volume, of the engineering plastics industry

To analyze the detailed market segmentation and forecast the market size, in terms of value and volume, and on the basis of applications for major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and South America

To identify the driving and restraining factors and analyze the opportunities and challenges in the global engineering plastics market

To analyze and forecast the market size, in terms of value and volume, for engineering plastics with respect to key applications such as automotive & transportation, consumer appliances, electrical & electronics, industrial machinery, and packaging

To analyze competitive developments such as expansions, new product launches, supply contracts, and mergers & acquisitions, in the global engineering plastics market

To strategically profile the leading players in the market

Research Methodology

Both, top-down and bottom-up approaches have been used to estimate and validate the size of the global engineering plastics market and to estimate the sizes of various other dependent submarkets in the overall engineering plastics market. The research study involved the extensive use of secondary sources, directories, and databases such as Hoovers, Bloomberg, Chemical Weekly, Factiva, and other government and private websites to identify and collect information useful for the technical, market-oriented, and commercial study of the global engineering plastics market.

Key feedstocks used in the manufacture of engineering plastics are benzene, propylene, and caprolactam. Engineering plastics are used in a host of end-use industries and, according to the specific end-use industry. Various degrees of vertical integration is seen between the system suppliers and the Original Equipment Manufacturers (OEMs). Some of the key players in the market are, BASF SE (Germany), Covestro (Germany), Solvay S. A. (Belgium), Celanese Corporation (U.S.), E. I. du Pont de Nemours and Company (U.S.), LG Chem Ltd. (South Korea), Saudi Basic Industries Corporation (Saudi Arabia), Evonik Industries AG (Germany), Lanxess AG (Germany), and Mitsubishi Engineering-Plastics Corporation (Japan).

The automotive & transportation application accounted for the largest share of the overall engineering plastics market and is projected to continue throughout the forecast period, both, long term and short term. Engineering plastics are used in automobile manufacturing, as these help in reducing the overall weight and further help in reducing vehicular emissions.

Companies are carrying out intense research & development activities to innovate and develop new products which can open new avenues of applications. Engineering plastics are penetrating medical applications due to the new developments taking place in the field.

Growth in the usage of engineering plastics in applications such as automotive and transportation, consumer appliances, and electrical & electronics has increased the global demand for engineering plastics. The Asia-Pacific region accounted for the largest share of the global engineering plastics market in 2015 and is also expected to be the fastest-growing market till 2021. China is expected to account for the largest share in the Asia-Pacific region till 2026. India is expected to register the fastest growth in the engineering plastics market, during the forecast period. In 2015, the U.S. accounted for the largest market for engineering plastics in North America.

The availability of other polymer resins providing stiff competition to engineering plastics is the major restraint in the global market. The high cost of engineering plastics is expected to act as an impediment, as applications where the high performance characteristics are not required, will choose commodity plastics due to their low prices.

Companies have adopted the new product developments, expansions, contracts & agreements, and joint-venture strategies, to expand their market shares and distribution networks in the global engineering plastics market for the forecast period, 2016 to 2026.

BASF SE believes in building sustainable customer bases in different markets with strong support through R&D activities. It is also strengthening its presence in the emerging economies of the Asia-Pacific and other regions through new product developments and the establishment of new production plants. In 2015, it opened a new Ultramid polymerization plant in Shanghai, China.

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Available Customizations Title

Client Consult Problem Statement :

MnMs client who is a strong engineering plastics player in pre-coloured ABS and ABS specialties was interested in project involving Assessment of Engineering Plastics market and database of injection molders in North America. The key objective for the study involved:

In-depth analysis of engineering plastics market by products (ABS, ASA and ABS blends) and their application for North America region (U.S., Canada and Mexico

Production capacity, market share analysis, competitor benchmarking by product and application, market attractiveness by product type, end use industry and country , competitor analysis, production, consumption and import-export scenario by country

Methodology Adopted by MnM : MnM carried out this study through a combination of exten....

Methodology Adopted by MnM : MnM carried out this study through a combination of extensive secondary research followed by primary discussions with Key Opinion Leaders, Engineering Plastics manufacturers and their customers. Market size estimation (usage of different types of Engineering Plastics in varied end user industries across North American region), value chain and key trend analysis across supply chain consisting of Engineering Plastics suppliers, their raw material suppliers, processors, and end users were identified thorough detailed secondary research. Interviews with Engineering Plastics manufacturers, suppliers, dealers and distributors to confirm type of Engineering Plastics and their volume & value, Interviews with compounders, processors & other intermediaries to confirm end application & value addition. Also Interviews with experts from end-users of Engineering Plastics like Automotive, Electronics, Medical, Toys, Extrusion Industry to verify the market numbers. Injection molders in North America were interviewed to prepare the database.

Market size of the Engineering Plastic industry in North America by product type, application and country

Production, consumption and trade data for U.S., Canada and Mexico

Competitor analysis and developments trends in the Engineering Plastics market in North America. Competitors benchmarking on the basis of product type and applications, SWOT analysis of the Engineering Plastics manufacturers

Value Delivered:

MnMs client was able to understand the current scenario of the Engineering Plastics market in North America. Also, the market forecasts were provided to focus clients attention to the high growth markets of various Engineering Plastics.

The competitive benchmarking also helped to understand the clients present situation in the market and further helps the client to built short and long term strategies to gain the market share

The injection molders database of more than 500 molders helped the client to find out the customers in North America region

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